Baldwin Oak LLC Acquires Office Building At 1925 Prospect Avenue In Orlando For $5.9M
1925 Prospect Ave, Orlando, FL 32814, USA
$5,900,000
$28/SF
Building Size
206,040 SF
Asset Type
Office
Closing
Aug 17, 2020
About this deal
AI
The office property located at 1925 Prospect Avenue in Orlando has been sold in a closed transaction. The property spans 20,604 square feet and was sold for a price of $5,900,000, resulting in a price per square foot of $286. The seller of the property was CDLP Properties LLC, while the buyer was Baldwin Oak LLC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,900,000
- Square Footage: 20,604
- Price per Square Foot: $286
- Seller: CDLP Properties LLC
- Buyer: Baldwin Oak LLC
- Broker: Darryl Hoffman – JLL
Darryl Hoffman of JLL represented the buyer, Baldwin Oak LLC, in this transaction.
Players
Orlando Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93